Which document sets out the rules that regulate the internal management of a company?
Answer and explanation
Correct answer: A. Articles of association
- Step 1: The articles govern the relationship between members and directors. Answer: Articles of association. Why not the others: Memorandum of association: That sets out the company's name and objects in older law. Prospectus: That invites the public to buy shares. Balance sheet: That is a financial statement.
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